Speckle

There are millions of people in Australia who find it hard to access credit. Together with our partner, NAB, we have spent considerable time understanding this issue through research and by listening to the stories of real people. The more we learned about this problem, the more we realised that people need better options when it comes to small loans. And our experience shows that people can and do repay debt despite being on a tight budget.

Now, Good Shepherd Microfinance has made a bold move into online lending with the support of NAB to launch Speckle – a fast online cash-loan which offers a better alternative for people seeking small cash loans under $2,000. Speckle is around half the cost of other loans and is the first of its kind in Australia. Repayment options range from three months to one year and are flexible, so you can pay early and as often as you like with no extra fees to help you stay in control. Most loans are approved within two hours, so you can have the money in your bank account as soon as possible – usually within two business days.

Speckle is run on a not-for-profit basis, which means all fees and charges go back into keeping costs as low as possible so more people can borrow better. As a responsible lender, we’ll only lend to you if we believe you can reasonably afford to repay your loan. And we’re totally upfront about how exactly much your loan will cost. If a loan isn’t the most suitable option, we help direct you to other alternatives you can explore.

To be eligible for a Speckle loan, you need a minimum annual income of $30,000 (excluding government benefits) before tax to apply. Also, no more than 50% of your total income can come from government benefits. To apply online, you will also need:

Financial abuse happened to me and it can happen to anyone

21 February 2018

Top 5 tips to prepare for financial stress

3 November 2017 Media Release

New low cost loan trial launched in Tasmania

People in Tasmania will be among the first in the country to trial a new low cost cash loan. Speckle provides a low cost finance alternative for people who are employed and need to access emergency cash to pay for items like car repairs, medical bills and household appliances.

6 February 2018 Media Release

Fees cut in half as not-for-profit launches small loan alternative backed by NAB

National not-for-profit, Good Shepherd Microfinance, has made a bold move into online lending with the support of NAB to launch Speckle - a fast online cash-loan which offers a better alternative for people seeking small cash loans under $2,000.

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Good Shepherd Microfinance acknowledges Aboriginal and Torres Strait Islander people as the traditional owners of the lands on which we operate and work, and pays respects to their history, their living culture and to Elders past and present.